Startup Professionals Musings

JULY 30, 2014

It may not be as sexy, but starting a new business that builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. There is always time later for your next startup, using that disruptive technology of your dreams.

Technology 103

Technology Entrepreneur Study Research 103

Berkonomics

AUGUST 15, 2013

And with the rise of modern technology-driven businesses, the same is true of management in the business world. Earliest warning metrics: What good is information if you can’t act upon it in a timely manner? Find metrics that will be “leading indicators” of trouble to come.

Metrics 184

Metrics Software Review Technical Review Statistics 184

Both Sides of the Table

JUNE 4, 2013

Put simply – you need enough users in a segment who care about what you’re doing to dictate investing further in the product or in sales & marketing resources. The team has stated it and has built metrics around key goals for future success. You need product / market fit. INNOVATOR’S DILEMMA.

Startup 402

Startup Customer Custom Technical Review 402

Startup Professionals Musings

FEBRUARY 8, 2020

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Entrepreneur 129

Entrepreneur Resource Metrics Customer 129

Startup Professionals Musings

MARCH 18, 2022

Sometimes you have to be willing to jeopardize current revenue streams to penetrate new markets or technologies. As companies grow, they tend to become more structured, to the point of discouraging risk by team members, and using metrics to identify mistakes and allocate bonuses. Limit resources to be applied to optimizing processes.

Startup 154

Startup Artificial Inteligence Metrics Netflix 154

Berkonomics

JULY 9, 2020

And with the rise of modern technology-driven businesses, the same is true of management in the business world. Earliest warning metrics: [Email readers, continue here…] What good is information if you can’t act upon it in a timely manner? Find metrics that will be “leading indicators” of trouble to come.

Metrics 156

Metrics Software Review Technical Review Statistics 156

Startup Professionals Musings

NOVEMBER 2, 2022

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Resource 121

Resource Metrics Entrepreneur Customer 121

Startup Professionals Musings

OCTOBER 25, 2014

Words alone, like “improved efficiency”, “paradigm shift,” and “breakthrough technology” won’t convince people to follow you. For example, early adopters may be easily sold, but new technology product success really hinges on adoption by certain demographics, perhaps more influenced by celebrities or mommy bloggers.

Startup 108

Startup Resource Metrics Technical Review 108

Startup Professionals Musings

AUGUST 8, 2020

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. There is always time later for your next startup, using that disruptive technology of your dreams.

Startup 157

Startup Social Media Study Research 157

Berkonomics

MARCH 10, 2016

It takes trusting management, good metrics, and entrepreneurial employees. My employees will lose control of their time and resources. Let your employees manage their own time –– but provide tools and resources. But technology makes the miles disappear. ” All our remote. Virtual employees can be more productive.

Tool 159

Tool Resource Coach Metrics 159

Berkonomics

SEPTEMBER 1, 2022

Elon Musk, who obsesses with metrics and constantly asks for employees to feed him their concerns but makes bold moves on his own. In technology–based enterprises, the question of leadership vision becomes mixed with leadership style. Steve Jobs, who was known to be in charge of each detail in design.

Satisfaction 156

Satisfaction Metrics Resource Email 156

Startup Professionals Musings

JULY 25, 2020

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Innovative technologies have no value until they are turned into solutions to real customer problems. People are your best innovation resource. Set milestones and meet them.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

SEPTEMBER 9, 2015

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Startup 115

Startup Resource Metrics Entrepreneur 115

Startup Professionals Musings

JANUARY 6, 2021

Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals. The most common approach I see to achieving this is to do more of everything for everyone.

Technical Review 160

Technical Review Technical Advisors Startup Mentor 160

Both Sides of the Table

SEPTEMBER 28, 2013

Have the breakthrough technology. Good press and industry mojo wasn’t enough to overcome the financial metrics of the business and the offers came in at more like $10 million. Join because as we continue our successes we will have more resources to reward you with and reward we will. Are tacking. It’s inefficient.

Startup 417

Startup Course Venture Capital Writing 417

Startup Professionals Musings

AUGUST 27, 2014

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Startup 113

Startup Resource Metrics Entrepreneur 113

Startup Professionals Musings

APRIL 20, 2013

Words alone, like “improved efficiency”, “paradigm shift,” and “breakthrough technology” won’t convince people to follow you. For example, early adopters may be easily sold, but new technology product success really hinges on adoption by certain demographics, perhaps more influenced by celebrities or mommy bloggers.

Startup 101

Startup Resource Metrics Technical Review 101

socalTECH

SEPTEMBER 16, 2013

Hamet Watt: I am going to be looking at innovation companies, with an obvious focus on technology companies. That includes stuff like wearables, wellness technology, things relevant to human performance, all of those areas are super interesting to me. That might be overused, but it''s an important metric.

Startup 191

Startup Entrepreneur Metrics Capital 191

Startup Professionals Musings

APRIL 21, 2023

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Innovative technologies have no value until they are turned into solutions to real customer problems. People are your best innovation resource. Set milestones and meet them.

Coach 137

Coach Metrics Competition Ideas 137

Startup Professionals Musings

NOVEMBER 28, 2020

Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology.

Tips 161

Tips Startup Social Media News 161

Startup Professionals Musings

OCTOBER 27, 2021

Most of the entrepreneurs I meet as an investor and advisor have no shortage of right-brain thinking, showing vision and creativity, but often don’t realize that their potential is being limited by a balancing focus on results, metrics, and customer specifics. Every balanced leader does marketing early.

Technical Review 133

Technical Review Satisfaction Metrics Startup 133

Startup Professionals Musings

OCTOBER 2, 2013

Most social media outlets don’t require a subscription charge, but they certainly require an investment – in people, in technology, your reputation, and your time. Return-On-Investment metrics are not new, but the tools are different. As with any resource or tool, you need to optimize your social media costs against a targeted return.

Social Media 101

Social Media Media Entrepreneur Metrics 101

Startup Professionals Musings

JANUARY 17, 2022

As a startup, you need to use your limited resources to excel at a few core things for your best customers, in order to stand out and get the momentum going. Pick a single metric that is the focus for all growth. In this age of technology, the advent of a better alternative is inevitable. Less is more.

Startup 144

Startup Social Media Metrics Customer 144

socalTECH

DECEMBER 11, 2017

Our interview this morning is with Scott Cannon , the CEO of BigRentz (www.bigrentz.com), which is creating an online marketplace for big equipment--an industry known notoriously as not adopting new technology. They've been resistant to technology for a long time. Scott tells us how the company--backed by St.

Startup 174

Startup Metrics Customer Custom 174

Both Sides of the Table

NOVEMBER 14, 2017

The best CEOs realize that they must transition from being individual contributors to team builders and adjudicators who settle conflicts of “resource allocations.” So it makes me laugh to this day when I talk with a journalist or potential investor in the company and they ask flippantly, “How is MakeSpace a technology company?”

Startup 287

Startup Technical Review Customer Custom 287

socalTECH

JUNE 15, 2017

Technology was changing the business and our jobs as agents and managers, and we needed to figure out how to leverage tools to create more opportunities. Accounting and administration fell on an individual, who didn't have the resources, the accounting division a studio might have.

Startup 140

Startup Content Metrics Platform 140

Startup Professionals Musings

JANUARY 15, 2022

Most social media outlets don’t require a subscription charge, but they certainly always require an investment, sometimes large, in people, in technology, your reputation, and your time. Return-On-Investment metrics are not new, but the tools are different. Your Twitter and YouTube messages better match your print advertising message.

Social Media 126

Social Media Media Startup Platform 126

Startup Professionals Musings

DECEMBER 30, 2022

As a potential investor, I always think of the high rate of failure of disruptive technologies, due to the longer learning curve of customers, infrastructure change consistently required, and higher marketing costs. Take accountability for execution by enabling success through resources, attention, and care.

Technical Review 101

Technical Review Metrics Resource Software Review 101

Startup Professionals Musings

SEPTEMBER 9, 2020

Elon Musk often talks about identifying all the dimensions of a problem, such as lower cost battery technology, as the key to moving the electric vehicle industry ahead. Make sure that you implement a metric with each solution, to prevent the issue from recurring, and check for side effects and follow-on side effects.

Satisfaction 152

Satisfaction Mentor Study Startup 152

Berkonomics

AUGUST 4, 2016

Elon Musk, who obsesses with metrics and constantly asks for employees to feed him their concerns but makes bold moves on his own. Email readers, continue here…] In technology–based enterprises, the question of leadership vision becomes mixed with leadership style.

Satisfaction 120

Satisfaction Metrics Resource Email 120

Startup Professionals Musings

FEBRUARY 16, 2020

Businesses firmly ensconced down an existing path find it hard to leave their comfort zone or jeopardize current revenue streams, and tend to prioritize the value of incremental change, even in the face of new markets, technology, or economic conditions. Efficiency focus strips away resources from innovation.

Startup 128

Startup Companies Company Statistics 128

SoCal CTO

APRIL 28, 2014

What happens when you have a really good developer is that a gap exists where you may not ask the right questions to specify the right system, consider appropriate 3rd party technologies, etc. Provide the metrics you are trying to achieve. Many are not interested in 3rd party technologies that can streamline development.

Develop 280

Develop Development CTO Coach CTO Hire 280

Startup Professionals Musings

OCTOBER 20, 2023

Most new businesses need three to five advisors or board members to regularly evaluate progress and resource needs, as well as your own leadership. Quantify the results, and avoid any fuzzy words, such as better usability, advanced technology, or more productivity. Put operational systems and metrics in place early.

Marketing 116

Marketing Resource Training Startup 116

Startup Professionals Musings

NOVEMBER 29, 2019

On the other end of the spectrum are ideas that truly represent a disruptive technology , or could lead to real social or environmental change. Examples I have seen include atomic battery technology, or how marine algae could help feed the world. Do you have the resources to build a business?

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

NOVEMBER 16, 2022

Businesses firmly ensconced down an existing path find it hard to leave their comfort zone or jeopardize current revenue streams, and tend to prioritize the value of incremental change, even in the face of new markets, technology, or economic conditions. Efficiency focus strips away resources from innovation.

Startup 120

Startup Statistics IBM IBM 120

Tech.Co

NOVEMBER 28, 2022

Startups such as TalkShopLive, YunExpress and ChannelEngine all facilitate order fulfillment via integration with marketplaces and shopping technology. Recently, several retailers that have used TikTok to sell items have informed the Financial Times that “the level of resources needed to sell on the app was not worth the returns”.

Social Media 132

Social Media Startup Commerce News 132

Both Sides of the Table

MAY 23, 2012

In an over-funding environment companies are encouraged to eschew revenues in a land grab to acquire eyeballs, clicks, page views or whatever other vanity metrics give VCs the false comfort that they’re sitting on a gold mine. I believe it’s truly morning in the technology sector. They compete on features, price and execution.

Venture Capital 348

Venture Capital Capital Technical Review Startup 348